Bankruptcy Amendment Regulations 2000 (No. 1)

(140 of 2000)

28 June 2000

Made under Bankruptcy Act 1966

1   Name of Regulations

These Regulations are the Bankruptcy Amendment Regulations 2000 (No. 1).

2   Commencement

These Regulations commence on 1 July 2000.

3   Amendment of Bankruptcy Regulations

Schedule 1 amends the Bankruptcy Regulations.

Schedule 1   Amendments

[1]   Regulation 1.01

substitute

1.01 Name of Regulations

These Regulations are the Bankruptcy Regulations 1996.

[2]   Subregulation 16.07 (9), note

omit

[3]   After subregulation 16.07 (9)

insert

(10) The amount of a fee mentioned in subregulation (1), (2), (3), (7) or (8) that would, apart from this provision, be payable, is increased in accordance with the following steps:

Step 1

Work out the amount of the fee in accordance with the options in the applicable subregulation

Step 2

Add an amount equal to 8.4% of the result of Step 1.

The result is the price of the taxable supply within the meaning of A New Tax System (Goods and Services Tax) Act 1999.

Note See also regulation 8.12 (prescribed remuneration of the Official Trustee).

[4]   After subregulation 16.12 (4)

insert

(5) The amount of a fee mentioned in subregulation (2) that would, apart from this provision, be payable, is increased in accordance with the following steps:

Step 1

Work out the amount of the fee in accordance with the options in the applicable subregulation

Step 2

Add an amount equal to 8.4% of the result of Step 1.

The result is the price of the taxable supply within the meaning of A New Tax System (Goods and Services Tax) Act 1999.